BUSINESS NEWS

Zimra intercepts $10m drugs

THE Zimbabwe Revenue Authority (Zimra) says it intercepted dangerous drugs worth $10 million last year, after increasing its footprint at ports of entry. This comes as the tax collector, together with...

By Staff reporter | Published: 2 hours ago

BUSINESS NEWS

Zimra loses VAT battle to lawyers

The Zimbabwe Revenue Authority (Zimra) has lost a High Court case in which it was seeking to compel the Law Society of Zimbabwe (LSZ) to pay value added tax (VAT) on income earned from fees and subscr...

By Staff reporter | Published: 2 hours ago

BUSINESS NEWS

Zimra speaks on board fees

THE 9 percent jump in fees and allowances for Zimbabwe Revenue Authority board members for the year to December 31 last year, has been attributed to the high number of meetings held to tackle pressing...

By Staff reporter | Published: 19 July 2018

BUSINESS NEWS

Zimra surpasses target

THE Zimbabwe Revenue Authority (Zimra) performed beyond expectations in the first half of 2018 after gross collections hit $2,41 billion against the budgeted $2,10 billion, driven by excise duty, net ...

By Staff reporter | Published: 19 July 2018

POLITICS

Zimra board pockets $300k

Zimbabwe Revenue Authority (Zimra) board members made rich pickings from fees and allowances last year after pocketing a combined $292 582 last year, representing a 9 percent rise from the prior year....

By Staff reporter | Published: 17 July 2018

BUSINESS NEWS

'Zimra's corruption organised crime'

ZIMBABWE Revenue Authority (Zimra) board chairperson Willia Bonyongwe has likened corruption in the authority to organised crime as the tax collector continues battling corrupt elements within its ran...

By Staff reporter | Published: 06 July 2018

BUSINESS NEWS

60% of Zimbabwe's taxpayers in default

The Zimbabwe Revenue Authority (ZIMRA) has been hit by low tax compliance levels as 60 percent of registered taxpayers are not remitting their dues, a senior official said.ZIMRA commissioner-general F...

By Staff reporter | Published: 05 July 2018

BUSINESS NEWS

Mphoko's Choppies fails to pay Zimra

THE government has distributed to Bulawayo hospitals foodstuff confiscated from former Vice President Phelekezela Mphoko's trucks at Beitbridge border post by the Zimbabwe Revenue Authority (ZIMRA).Th...

By Staff reporter | Published: 04 July 2018

BUSINESS NEWS

Zimra raids Gweru council accounts

The Zimbabwe Revenue Authority (Zimra) has reportedly pounced on Gweru City Council bank accounts in a bid to garnish hundreds of thousands of dollars in unpaid tax, sources revealed to the Southern E...

By Staff reporter | Published: 29 June 2018

BUSINESS NEWS

Zimra resolves impasse with workers

Zimbabwe Revenue Authority (Zimra) Commissioner-General Faith Mazani has said the tax agency has come to an agreement with workers who had threatened to besiege Zimra head office last week Friday.The ...

By Staff reporter | Published: 28 June 2018

BUSINESS NEWS

Zimra calls for Income Tax returns

The Zimbabwe Revenue Authority (Zimra) says the window is still open for the submission of Income Tax Returns, critical for the issuance of tax clearance certificates.Zimra had earlier indicated that ...

By Staff reporter | Published: 28 June 2018

BUSINESS NEWS

Ex-Zimra boss files for divorce

FORMER Zimbabwe Revenue Authority (Zimra) Commissioner-General, Gershem Takavada Pasi, has petitioned the High Court seeking nullification of his 29-year-old marriage with his wife, Susan (nee Zata), ...

By Staff reporter | Published: 28 June 2018

OPINION

Tax amnesty 2018 in respect of motor vehicles

IN an effort to encourage our valued clients to regularise their tax obligations, the Government has, through the Finance Act No. 1 of 2018 published on 15 March 2018, made provisions for granting of ...

By Zimra | Published: 28 June 2018

BUSINESS NEWS

No extension to Zimra's six-month tax amnesty

THE Zimbabwe Revenue Authority (Zimra) has said it will not extend the six-months tax amnesty granted to businesses which expires on Saturday and will descend heavily on tax evaders soon after the exp...

By Staff reporter | Published: 26 June 2018

BUSINESS NEWS

Zimra delays $100 million facility

A US$100 million commercial loan recently advanced by the United Kingdom (UK) government, through the state-run Commonwealth Development Fund (CDC), to Zimbabwe's private sector has been delayed by th...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Zimra workers plan protest

THE Zimbabwe Revenue Authority (Zimra) is bracing for a demonstration by its employees today, who are protesting about alleged poor working conditions for the general workforce while management swim i...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

ZIMRA upgrades Asycuda

THE Zimbabwe Revenue Authority has completed the first phase of an upgrade on the Automated System for Customs Data (Asycuda) to avoid a recurrence of the disturbances which occurred in December last ...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Agents seek ZIMRA consultations on upgrades

THE International Freight Forwarders Association of Zimbabwe (IFFAZIM) says the Zimbabwe Revenue Authority (ZIMRA) should consult stakeholders in the freight and clearing sector before making changes ...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Mutsvangwa tells Zimra to 'shape up'

Manicaland Provincial Affairs minister Monica Mutsvangwa has told the Zimbabwe Revenue Authority (Zimra) to up its game in facilitating trade and travel at various ports of entry so that government ca...

By Staff reporter | Published: 21 June 2018

BUSINESS NEWS

Zimra auctions confiscated goods

The Zimbabwe Revenue Authority (Zimra) is set to auction confiscated goods and those seized for flouting various customs regulations, with the proceeds set to go towards the fiscus.This comes after th...

By Staff reporter | Published: 19 June 2018

BUSINESS NEWS

Zimra's $4bn debt 'uncollectable'

The Zimbabwe Revenue Authority (Zimra), which is owed a massive US$4,3 billion by taxpayers, fears the debt may be difficult to recover due to a number of factors, including operational challenges fac...

By Staff reporter | Published: 18 June 2018

BUSINESS NEWS

Zimra completes Asycuda upgrade

THE Zimbabwe Revenue Authority (Zimra) has completed the upgrade of its Automated Systems for Customs Data (Asycuda) to ensure normalcy to the e-services, as it steps up efforts to improve efficiency....

By Staff reporter | Published: 15 June 2018

BUSINESS NEWS

ZIMRA warns against tax breaks for investors

THE Zimbabwe Revenue Authority (ZIMRA) says government should not give tax concessions to investors that erode the country's revenue base as it seeks to drive up foreign direct investment (FDI).ZIMRA ...

By Staff reporter | Published: 15 June 2018

BUSINESS NEWS

'Tax concessions eroding tax base'

Government should balance revenue collection efforts and "open for business" opportunities to minimize substantial losses in potential revenue from multiple tax concessions negotiated by foreign inves...

By Staff reporter | Published: 15 June 2018

BUSINESS NEWS

Employers abusing PAYE

In the face of a declining economy, local companies are diverting workers' employment tax (PAYE) due to the Zimbabwe Revenue Authority (Zimra) and converting it to support their own cash-flows and ove...

By Staff reporter | Published: 12 June 2018
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